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8. Common Stock
12 Months Ended
Sep. 30, 2017
Notes  
8. Common Stock

8. COMMON STOCK  

 

During the year ended September 30, 2016, the Company sold 1,025,000 shares of common stock at prices ranging from $0.70 to $0.80 per share for an aggregate purchase price of $801,001.

 

In April 2016, Michael Billing exercised 5,000 stock options with a purchase price of $1,500 at $0.30 per share.

 

During the year ended September 30, 2016, the Company sold 215,156 shares of our treasury stock, with cost of $0.03838, at $0.64 per share, for an aggregate purchase price of $137,699.

 

On October 3, 2016, the Company exchanged 1,148,734 shares of its common stock, par value $0.00001 per share, for seventy percent (70%) of the issued and outstanding common stock of NuZee JP.

 

During the year ended September 30, 2017, the Company sold 1,032,539 shares of common stock at prices ranging from $0.51 to $1.00 per share for an aggregate purchase price of $860,045.

 

On March 31, 2017, Kenichi Miura exercised his right to convert the Amended Note to shares of the Corporation's common stock (the "Conversion"), at the price of $0.51 per share, in accordance with the terms and conditions of the Convertible Note Purchase Agreement, thus equating to a conversion of $606,000 [i.e., $600,000 principal, plus $6,000in accrued interest] to the equivalent 1,188,236 shares of the Corporation's common stock.

 

During the year ended September 30, 2017, the Company sold 1,766,242 shares of treasury stock at $0.51 per share, for an aggregate purchase price of $900,783.

 

During May 2017, the Company agreed to amend Nagashima Takayuki's $100,000 short-term loan to a convertible loan with a conversion price of $0.51 per share.  Nagashima Takayuki then converted this loan to 196,078 shares of the Company's common stock.

 

During August 2017, the Company issued 34,602 shares of treasury stock at $0.43 per share, for services and recognized stock compensation expense of $14,879.